Crossing the rivers by feeling the stones: the effect of China's green credit policy on manufacturing firms' carbon emission intensity
To combat environmental exacerbation and energy overuse, the Chinese government
issued the Opinions on Implementing Environmental Protection Policies and Regulations to …
issued the Opinions on Implementing Environmental Protection Policies and Regulations to …
Challenges and trends in sustainable corporate finance: A bibliometric systematic review
Sustainable corporate finance is an attractive field of study in sustainability literature;
however, the literature lacks systematic bibliometric analysis that provides a comprehensive …
however, the literature lacks systematic bibliometric analysis that provides a comprehensive …
The impact of commercial bank branch expansion on energy efficiency: Micro evidence from China
The debate has long prevailed as to whether the financial sectors can enhance energy
efficiency. We attempt to provide new insight into this debate from the perspective of …
efficiency. We attempt to provide new insight into this debate from the perspective of …
Corporate finance, industrial organization, and organizational economics
G Sertsios - Journal of Corporate Finance, 2020 - Elsevier
In the last 35 years, research at the intersection of corporate finance, industrial organization,
and organizational economics has grown substantially. This paper reviews work that …
and organizational economics has grown substantially. This paper reviews work that …
[HTML][HTML] Mandatory CSR expenditure and stock market liquidity
We investigate the nexus between corporate social responsibility (CSR) and firms' stock
market liquidity. Using actual firm-level CSR expenditure data and a quasi-natural …
market liquidity. Using actual firm-level CSR expenditure data and a quasi-natural …
[HTML][HTML] Does bankruptcy law improve the fate of distressed firms? The role of credit channels
Growing financial failure at firm-level can have serious consequences for banks in terms of
rising non-performing assets, in the absence of a strong bankruptcy system. Such a scenario …
rising non-performing assets, in the absence of a strong bankruptcy system. Such a scenario …
Economic policy uncertainty and leverage dynamics: Evidence from an emerging economy
Y Bajaj, S Kashiramka, S Singh - International Review of Financial Analysis, 2021 - Elsevier
We test capital structure adjustments under dynamic trade-off theory using the standard
partial adjustment framework, in light of long-and short-run economic policy uncertainties …
partial adjustment framework, in light of long-and short-run economic policy uncertainties …
[HTML][HTML] Mandatory corporate social responsibility and foreign institutional investor preferences
This study examines whether the heterogeneity among foreign institutional investors (FIIs)
matters when investing in socially responsible investee firms. Exploiting a mandated …
matters when investing in socially responsible investee firms. Exploiting a mandated …
Green credit policy and investment-cash flow sensitivity: evidence from a quasi-natural experiment
J Zhao, J Huang, F Liu - Finance Research Letters, 2023 - Elsevier
The green credit policy (GCP) in China aims to achieve green development by reducing
credit allocations to heavily polluting enterprises. Using the implementation of the GCP as a …
credit allocations to heavily polluting enterprises. Using the implementation of the GCP as a …
When rain matters! Investments and value relevance
We study whether firms, whose operational performance is highly sensitive to rainfall
conditions (rain-sensitive firms), follow differential investment strategies to generate value in …
conditions (rain-sensitive firms), follow differential investment strategies to generate value in …